All Forum Posts by: Hunter Estess

Thanks Dawn, 

I agree that the asking price would make this a bad deal, but I am not going to give asking price.  I am trying to calculate what I should offer.  I believe I should offer around $835,000.  This would allow me to get $3,900/mo(22 units @ $150each) and still have enough money to pay the mortgage based on 5.5%  

Hello, 

The current asking price of a 22-unit complex is $1,200,000.  The Yearly income is $147,204 and the expenses are $32,808(Insurance, Taxes, and Utilities).  If I want to include a 10% vacancy($-14,720) and 10% repair($-14,720) bringing my total expenses to $62,248.  

What should I offer for the property?  I have not included any debt payments of management(me) fees?